£100
in 2000 →
£158.58
in 2017

UK Inflation Calculator

Could Bit Coin Be Hacked?

Investors Around The entire planet are gearing to acquire Bit-coin, prompting a few authorities to measure up with regulations. The good results of Bit-coin fueled the rise of legions of followers, including hundreds of fresh crypto currency launches and also a tide of startups predicated on block-chain technology. Nonetheless, with all the current fuss and hubbub surrounding Bit coin, many investors continue to be unsure about the security of this money itself. Can Bit coin be hacked? And, if that's the case, just how can traders operate to secure their investments?
Bit-coin and Security
Bit-coin was started last year because of decentralized digital money, meaning that it would not be controlled or regulated by any one administrator, such as, for instance, a government or bank. Peer-to-peer transactions have fueled the growth of the electronic currency Earth, and Bitcoin has been at the forefront throughout. The blockchain is a people ledger used to check and record those transactions.
The Matter of Security has been a fundamental one for Bit coin since its own development. Using the flip side, Bitcoin itself is very difficult to hack on, and that's essentially due to the blockchain technology that supports it. As blockchain is constantly being reviewed by most Bitcoin users, hacks are unlikely. On the other hand, though, the fact that Bit coin itself is difficult to hack on does not signify that it's fundamentally a harmless investment. There will exist potential for security risks at various stages of this trading procedure.

UK Inflation Rate, 2000-2017 (£100)

According to the Office for National Statistics, the pound experienced an average inflation rate of 2.75% per year.
Prices in 2017 are
58.6% higher than
prices in 2000.

In other words, £100 in the year 2000 is equivalent to £158.58 in 2017, a difference of £58.58 over 17 years.

The
current inflation rate
in 2017 is 2.70%1. If this number holds, £100 today will be equivalent to £102.70 next year.

George Bush becomes President of the U.S. in a disputed election that is eventually resolved by the Supreme Court.

Gisborne, New Zealand becomes the first city to enter the new millennium.

Inflation Data Source

Raw data for these calculations comes from
the composite price index published by the UK Office for National Statistics (ONS). A composite index is created by combining price data from several different published sources, both official and unofficial. The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for 2017, which is based on The Bank of England's forecast.